The market I’m interested in are residential rental and leasing, senior housing, and distressed properties/owners. 

, and we caused emotional distress to him via this ordeal, so they deserve more for emotional distress.

Regardless of paper returns, as you noted, these are the homes located in areas that suffer first and the most in an economic downturn or other times of distress. 

I would add to definitely look at buying distressed and seeing if you can fix it up.

I am acquiring a distressed property that I am planning to rent long term. 

With the bank distress that's likely about to surface, we'll prob see a lot more of this soon.

Or if I do, I'm going to require extreme diligence, escrow, and my bid would not be what you want.I aim to buy great locations that are a bit distressed, fix up and manage the property management through my own venues.

What would be the price ranges of Class A, B and C properties in your markets of move in ready or something with light repairs (where a buyer could get a conventional loan, not a distressed property)?

Co-founder of Visio Ltd, operating a real estate investment fund across 48 states dealing in distressed single family homes sourced from financial institutions and sold to fix & flip and buy & hold investors. $100 million equity & debt managed.

find a paid off property that needs a very light rehab but where the seller basically wants retail for it and won't accept a 'distressed' price.